ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home News

FG Moves To Stop $10bn Capital Flight In Welding Industry

Business 360 by Business 360
December 5, 2023
in News
0
FG Moves To Stop $10bn Capital Flight In Welding Industry

In a bid to address the annual revenue loss of $10 billion attributed to the importation of internationally certified welders, the Nigerian federal government has introduced the National Policy on Welding and Welding-related Fields, accompanied by a Strategy Implementation Action Plan.

The ceremonial unveiling, which took place in Abuja on Monday, was led by the Minister of Innovation, Science, and Technology, Geoffrey Nnaji.

Nnaji emphasized that the new policy aims to tackle the longstanding issue of neglect and lack of regulation in the welding sector, which has traditionally been dominated by uncertified personnel.

The minister highlighted the sector’s significant contribution, stating that welders contribute to over 70% of all fabricated products, with a substantial portion of the wages going to non-certified personnel.

Addressing the specific challenges in the oil and gas industry, Nnaji emphasized the need for special attention to the influx of foreign welding personnel.

 The implementation of this policy is expected to enhance the certification and regulation of the welding sector, reducing the dependence on foreign experts and retaining a more significant share of revenue within the country.

Previous Post

Nigeria Signs MOU for 1 GW Solar PV Manufacturing Plant at COP28

Next Post

Nigeria Receives Largest Vessel With 2000 Containers, 2,500 Vehicles

Business 360

Business 360

Next Post
Nigeria Receives Largest Vessel With 2000 Containers, 2,500 Vehicles

Nigeria Receives Largest Vessel With 2000 Containers, 2,500 Vehicles

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FMDQ Exchange Admits Flour Mills of Nigeria’s ₦30.00bn Commercial Paper Notes

FMDQ Admits TSL SPV PLC ₦12.00 billion Series 1 Guaranteed Fixed Rate Infrastructure Bond to its Platform

March 11, 2021
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

October 21, 2020
SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

September 21, 2020
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
NDIC set to pay claims of 14 liquidated banks’ depositors, shareholders

NDIC Reiterates Compliance with Fiscal Responsibility Act, Assures Federal Government of Statutory Remittances

January 3, 2026
Capital Market:  All-Share Index up by 2.4%

Nigerian Equities Open the Year Higher as BUA Foods, Transcorp, and MTNN Drive Early Gains

January 3, 2026
FirstBank of Nigeria Clarifies Misleading Media Reports, Reassures Customers Of Gold Standard Banking Services

FirstBank Hosts Nigeria Economic Outlook 2026, Charts Path for Growth and Resilience

January 3, 2026
IPPG Backs NUPRC’s One Million Barrels Initiative as Nigeria Hits 97% of OPEC Quota

Oil Prices Rise as U.S.-Ukraine Peace Talks and Middle East Tensions Influence Markets

December 29, 2025
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • Agriculture
  • AI
  • Art
  • Arts
  • Aviation
  • Banking
  • Blockchain
  • Business 360 Weekly
  • Business news
  • Business Travels
  • Capital Market
  • CHINA
  • Corporate
  • Cryptocurrency
  • Destination Business
  • East Africa
  • Economy
  • Education
  • Electric Vehicles
  • Electricty
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • EV
  • Fashion
  • Fashion
  • Feature
  • Finance
  • Gas
  • Global Economy
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Japan
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • Mortgage
  • News
  • NGOs
  • Oil
  • Petrol
  • Political Economy
  • politics
  • Real Estate
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • South Africa
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tax
  • Tech
  • Tourism
  • Transportation
  • UK
  • Uncategorized
  • US
  • World

Recent News

NDIC set to pay claims of 14 liquidated banks’ depositors, shareholders

NDIC Reiterates Compliance with Fiscal Responsibility Act, Assures Federal Government of Statutory Remittances

January 3, 2026
Capital Market:  All-Share Index up by 2.4%

Nigerian Equities Open the Year Higher as BUA Foods, Transcorp, and MTNN Drive Early Gains

January 3, 2026
  • Africa
  • World
  • Our Shows

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!